Vector,
a micro satellite space launch company comprised of new-space and
enterprise software industry veterans from SpaceX, Virgin Galactic,
McDonnell Douglas, Boeing, Sea Launch and VMware has made a successful
suborbital flight of its B0.002 test vehicle, a full-scale prototype of
the company's Vector-R launch vehicle. This launch represents both the
first customer-funded launch operation for the new space commercial
launch industry, as well as the first launch out of the historic
Spaceport Camden in Georgia, which was originally used by NASA in the
1960's for ground-based static fire testing of large solid rocket
motors.

The flight test is
particularly significant for Vector because the company is manifesting
customer-sponsored experiments and payloads - a major achievement among
the next generation of small launch vehicle developers. Test packages
from Astro Digital, a leader in real-time satellite imagery data, the
Center for Applied Space Technology, an organization focused on
space-based medicine research and applications, and NASA's Ames Research
Center highlight Vector's mission to deliver increased access for
organizations looking to launch microsatellites more affordably and at a
higher frequency than ever before.

"Since our inception, Vector has been committed to making space open for
business," said Jim Cantrell, CEO and co-founder of Vector. "Our
historic launch today is a testament to the hard work of the Vector
team, as well as support from NASA and Spaceport Camden. Together, we're
on the fast-track to get to an orbital capability in 2018 and look
forward to continuing momentum and unprecedented growth through the
course of this year."

A primary objective of today's test was the demonstration and evaluation
of a next-generation 3D additively manufactured engine injector
developed through a collaborative research program with NASA Marshall
Space Flight Center. This injector was ground tested last month and an
earlier version was used in Vector's initial B0.001 launch vehicle in
May. Today's launch represents another milestone for Vector, as it was
the first time spark igniter technology developed with University of
Alabama - Huntsville and NASA Marshall Space Flight Center was attempted
to start the booster main engine.

"This is a significant accomplishment for Vector and for NASA's
initiatives to advance enabling technologies for suborbital and orbital
small launch vehicles," said Ron Young, NASA Flight Opportunities
Program Manager. "NASA's role in helping the industry to develop
commercial small satellite launch capabilities through the STMD
Announcement of Collaborative Opportunities (ACO) awards, enables
companies such as Vector to offer this capability to the commercial
market place sooner."

Earlier this year, Georgia Governor Nathan Deal signed House Bill 1,
also dubbed The Georgia Space Flight Act, to encourage commercial space
activities in Georgia. Camden County has been working closely with
Vector to put Spaceport Camden back on the map, not only because of its
rich history of space innovation, but also to assert Camden as a top
player in the competition for commercial launches. Vector conducted an
initial set of ground operations at Spaceport Camden in March, 2017 to
showcase the Vector-R launch system in anticipation of this
groundbreaking launch.

"Vector's
successful tests prove that it is an innovator in this dynamic field.
Georgia looks forward to working with commercial space companies, like
Vector, as we begin the next chapter of space exploration and
innovation," said David Ralston, Speaker of the Georgia House of
Representatives.

"By investing in Camden County to create the first commercial spaceport
in Georgia - the only exclusively vertical, non-federal range on the
East Coast - we are making a significant investment in our future.
Georgia is ready to lead the nation, and the world, in building a
workforce and an economy that is second to none", added Georgia
Lieutenant Governor Casey Cagle.

This most recent test of the Vector-R launch vehicle comes on the heels
of a $21M Series A funding round led by Sequoia Capital, with
participation from Shasta Ventures and Lightspeed Venture Partners. With
this most recent round of funding, Vector will accelerate the company's
flight test series, develop its first GalacticSky satellites, open its
Silicon Valley Headquarters and break ground on a rocket factory in Pima
County, Arizona.